Case Study: Doncaster House Sold in Only 12 Days

Curious to know what to expect when you sell your house to cash property buyers? Genuine Property Buyers has helped many people sell their homes quickly and easily and below you’ll discover just one of our success stories.

You’ll get to see the entire process to get a good idea of how it all works. This includes the documents required and the communications process. It highlights the benefits of using our company and the kind of service you can expect.

Please note – the real name, address and house value have been disguised to protect the privacy of the client.

Case Study: House sold in 12 days

In this case study you’ll see how Genuine Property Buyers helped sell a Doncaster house in just 12 days. The property had been on and off the market for nine years and had experienced a 23% drop in value.

Day 1: Initial enquiry

On June 12th 2015, a lovely lady from Los Angeles, contacted Genuine Property Buyers using our ‘Get an Instant Offer’ form. She enquired about selling her home in Doncaster, UK. The following information was collected:

Contact information: Name, telephone and e-mail addressProperty address: House number, street and postcode.Type of property: DetachedNumber of bedrooms: 6Number of reception rooms: 2Number of bathrooms: 5Garden: Front and backGarage: SingleCentral heating: YesDouble glazing: YesGeneral condition: ExcellentFreehold or leasehold: FreeholdYear built: UnsureStructure: Brick builtEx-council or association: NoEstimated Value: £XXXXXXHow did you get this figure: Market valueReason for sale: All the children have moved and it’s too much work for my grandparentsHow soon to complete: Less than one monthOutstanding mortgage: £0On the market for: £XXXXXXHow long on market: 6 monthsUnique features: It would be wonderful to turn into a bed and breakfastWork on property: Yes, everything has been redone. The house is in superb conditionContact date: ASAPContact time: Anytime

After receiving this information, one of our negotiators contacted her:

“May I take this opportunity to thank you for completing our online property information form. This initial email acknowledges the receipt of your inquiry. I tried to call you but the number provided was unfortunately incorrect. I would like to arrange a convenient time to discuss the situation fully. Therefore, if you could please reply via email to make arrangements for a call back we can move forward with this inquiry. If you prefer we could also communicate via email only.”

The same day we received a reply:

“Forgive me, I live in LA and I’m trying to sell my grandparents’ home back in the UK. My grandad’s number is XXXXXX and his name is Barry, feel free to contact him.”

As you can see, after initially failing to get through on the number provided, we did receive correct contact information via email. For the fastest response to your inquiry, it is important to ensure you are providing a valid UK phone number. You can also choose on the contact form what time is best to contact you.

Day 2: Clarifying the details

The next day, our negotiator contacted the lady’s grandad to request further details. We found out the house had been on and off the market since 2006. In that time, the value of the property decreased by 23%, approximately £95,000.

He gave us his desired price and sent over a copy of the property’s floor plan along with photos of inside and outside the home. These are typically the first documents we require from you. See a full list of documents required to sell your property quickly here.

A few pictures of the house.

After receiving this information, our negotiator realised the property had huge potential.

Day 3: Offer sent

On the third day, we sent an offer to our client which was 15% below what he was asking for the house (15% below market value). He needed to speak to his wife and family before making a decision.

The reason we buy houses below their market value is because we do not charge the same fees as an estate agent. Also, the longer the property remains on the market, the more chance there is that it could actually lose some of its market value too. This is exactly what happened to the house here, losing 23% of its value after being on the market for nine years.

You can learn more about the benefits of selling your house without an estate agent here.

Day 6: Offer accepted

On the 18th June 2015, day six, they came back to us and accepted the offer. Our negotiator had seen huge potential in this property, with the opportunity for a buyer to turn it into a bed and breakfast or even flats/apartments.

Day 12: House is sold!

Six days after accepting our offer, the property was sold on 24th June 2015.

Selling your house to cash property buyers

The above case study is just one example of how quickly Genuine Property Buyers can sell your property. However, you probably still have a lot of questions. You can find a full list of answers to the commonly asked questions here.

The benefits of selling to cash buyers

There are many benefits that come from selling to cash buyers. Firstly, you’re guaranteed a much faster sale. When you sell through an estate agent it can take months, if not years to sell. As mentioned earlier, the longer your house is on the market, the more chance there is that it will go down in value.

You also could have certain circumstances forcing you to sell. Maybe you’ve been issued with a court order? Splitting with a partner can be stressful enough, but if you’re left facing a court order to sell your once shared home, it can be extremely worrying. You can find out more about court orders in our useful guide. Selling the property with us guarantees a clean break, preventing the need to actually go to court.

Or maybe your problems are more financial? If you’re struggling with large sums of debt, selling your property to cash buyers gives you the money you need quickly to pay off your debts.

Another benefit is the money you actually save. It can be off-putting when you see that cash buyers often offer lower than market value. However, you need to take into account that you are still getting more than you would if you were to go through estate agents. The fees that estate agents charge can be extremely high and by the time they have been taken off, you’re often left with a lot less than you expected.

These are just the main benefits of selling via Genuine Property Buyers.

Will you buy from me if I have financial troubles?

We understand how stressful and devastating it can be when you’re in financial difficulty. If you’re in trouble, we can absolutely help. We’ll get you the best possible price and ensure the home is sold quickly so you can get your debts paid off. It doesn’t matter what your credit history or current financial situation, we’re here to help.

If you’re ready to sell your property quickly, fill out the form. Alternatively, you can call us on 0161 258 7486. Remember, when filling out the contact form, include a valid phone number (ideally a UK number) and correct email address so we can get back to you ASAP.

About the author

Ryan has worked in many areas of property over his eight years in the business. From Lettings to Property Management to New Home Sales to Investment, his knowledge and passion are second to none. He is currently based in Nottingham.